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Southern Palladium Limited (ASX:SPD)

ALERT: Price-sensitive ASX Announcement for SPD
Current share price for SPD : $1.100 -1.22 (-52.59%)+
Announcement
Release
30 Jan 2026 10:43AM
Price at Release
$2.320
Full Release
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Summary
Southern Palladium Limited reported its quarterly activities and cash flow for the period ending 31 December 2025. Key highlights included the advancement of the Definitive Feasibility Study for the Bengwenyama PGM Project, significant operational progress, and regulatory milestones achieved, such as the lodgement of the Environmental Guarantee. Financially, the company held a cash balance of A$22.58 million, excluding cash held by its 70% subsidiary. The company's funding was bolstered by a successful A$20 million placement. The report detailed payments to related parties, including directors' fees and project management expenses, and outlined plans for ongoing project development activities in the coming quarter.
Key Points
  • Quarterly activities and cash flow report for the period ending 31 December 2025.
  • Advancement of Definitive Feasibility Study for the Bengwenyama PGM Project.
  • Cash balance of A$22.58 million as of 31 December 2025.
  • Successful A$20 million placement to support project development.
  • Lodgement of the Environmental Guarantee as a key regulatory milestone.
  • Payments to related parties amounting to A$674,000.
  • No disposal of tenements during the quarter.
  • Ongoing development of the Bengwenyama Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.